Ceylon Tea Brokers Plc (CTB) has entered into a share sale agreement with Lanka Commodity Brokers Limited for the purchase of Logicare (Pvt) Ltd (which is a fully owned subsidiary of Lanka Commodity Brokers Limited) at a price of Rs.233mn.
Logicare (tat) Ltd owns the lease hold rights to a land in Muthurajawela for 39 years and CTB intends to build a state of the art warehousing complex on the said land.
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